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ASML Holding N.V. (ASML)

ASML makes the lithography systems chipmakers use to print circuit patterns onto silicon wafers, together with the metrology, inspection and software that keep those patterns accurate. It is a Netherlands company with its head office at De Run 6501 in Veldhoven, and the ordinary shares trade on the Nasdaq. Figures are stated in euro. Approximately 95% of the systems sold in the last 30 years are still in use, and the company refurbishes and upgrades older ones.

ASML Holding N.V.

ASML makes the lithography systems chipmakers use to print circuit patterns onto silicon wafers, together with the metrology, inspection and software that keep those patterns accurate. It is a Netherlands company with its head office at De Run 6501 in Veldhoven, and the ordinary shares trade on the Nasdaq. Figures are stated in euro. Approximately 95% of the systems sold in the last 30 years are still in use, and the company refurbishes and upgrades older ones.

EUV systems

Extreme ultraviolet machines print the smallest and densest features and are used on the most critical layers of the most advanced chips. The filing states that ASML is currently the world's only manufacturer of EUV lithography systems. The TWINSCAN NXE platform, at 0.33 numerical aperture, was introduced in 2013 and is now in high-volume manufacturing at the major customers; during 2025 the NXE:3800E shipped at full specification, which includes 220 wafers per hour, a 37% improvement on the NXE:3600D, on a higher-power light source, a new wafer handler and faster wafer stages. The TWINSCAN EXE platform is the 0.55 numerical aperture generation, designed to share as much as possible with NXE, and the first EXE:5200B shipped in early April 2025 at 175 wafers per hour, 60% more productive than the EXE:5000, with projection optics developed with Carl Zeiss SMT. The company states that it expects the EXE platform to start supporting high-volume manufacturing in 2027.

DUV systems

Deep ultraviolet systems produce the majority of layers in a microchip. Immersion systems on the TWINSCAN NXTi platform hold a thin layer of water between the lens and the wafer to raise numerical aperture, and can be used alongside EUV on the same chip. Dry systems on the TWINSCAN NXT and TWINSCAN XT platforms handle the layers that do not need the newest tools. The light sources cover every wavelength the industry uses: argon fluoride lasers at 193 nm, krypton fluoride at 248 nm and mercury vapour discharge lamps at 365 nm. The XT:260 is the newest i-line machine, offering up to four times the productivity of existing solutions through a 2x rather than 4x reduction lens, aimed at 3D integration work including advanced packaging, image sensors, displays and photonics.

Measuring and software

YieldStar optical metrology measures overlay and feeds corrections back to the lithography system wafer by wafer, and the first YieldStar 1390 shipped in 2025. HMI e-beam systems use an electron beam to find individual defects at much higher resolution but lower speed, and the eScan1100 is the first multibeam version, with 25 beams and ten times the throughput of single-beam systems. Computational lithography software calculates the settings for a given application, and the process control software runs the automated feedback loops.

The year in units

Lithography system sales were 327 units in 2025 against 418 in 2024, or 535 units against 583 counting metrology and inspection systems. EUV recognised in sales came to 48 systems, four EXE and 44 NXE, against 44 in 2024 made up of two EXE and 42 NXE. Sales across the DUV technologies fell from 374 units to 279. Net system sales were €24.5 billion and net service and field option sales €8.2 billion, the service line 26.2% above 2024 on a growing installed base, heavier tool use by some customers and more NXE field upgrades. Research and development cost €4,698.8 million against €4,303.7 million, going into the NXE:3800E and NXE:3800F, the EXE systems, and next-generation DUV work including the NXT:2150i and the NXT:870B.

Customers and footprint

The customers are Logic and Memory chipmakers. Customers in China were 29.1% of 2025 total net sales against 36.1% in 2024, customers in Taiwan 25.5% against 15.4%, and customers in South Korea 25.0% against 22.7%. There were more than 44,000 full-time equivalent employees across more than 60 locations on three continents, holding 143 nationalities, and women were 21% of the workforce. The supplier base was 5,100 against 5,150. The company invested €1,302.2 million in Mistral during 2025.

From ASML's annual report on Form 20-F for the year ended 31 December 2025. That filing carries no Item 4 or Item 5 heading in its body, using a cross-reference index at the back instead, so the annual report is read as one whole document rather than from separately located sections. The filing

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ASML Holding N.V. files a 20-F with the SEC once a year, in euros. In the year to 31 December 2025 it reported revenue of EUR 32,667 million ($36.9 billion at the year's average rate), up 15.6% on the year before. Its profit attributable to shareholders was EUR 9,609 million, up 26.9%, and diluted earnings per share EUR 24.71.

ASML Holding (ASML) in brief

ASML Holding (ASML) reported revenue of EUR 32.7 billion for the year to 31 December 2025, up 15.6% on the year before.
Read moreProfit attributable to shareholders was EUR 9.6 billion and diluted earnings per share EUR 24.71. Revenue was EUR 28.3 billion in 2024, EUR 27.6 billion in 2023, EUR 21.2 billion in 2022 and EUR 18.6 billion in 2021. Profit attributable to shareholders in the same years was EUR 7.6 billion, EUR 7.8 billion, EUR 5.6 billion and EUR 5.9 billion. Revenue grew 18.5% a year, compounded, over the five years to 2025. At the close of 10 November 2026 the market cap of ASML Holding was $581.1 billion, 54.7 times its earnings for 2025.

The share in the US

Last close$1,507.69 on 10 November 2026
52-week range$966.57 (21 November 2025) to $1,989.44 (30 June 2026)
Over one yearup 45.1%
Market cap$581.1 billion: 385,417,665 shares outstanding at 31 December 2025 (20-F), each US share standing for one ordinary share
P/E, latest fiscal year54.7: the last close over diluted EPS for the year to Dec 2025, EUR 24.71 per ordinary share, $27.56 at 1.1154 US dollars per EUR on 6 November 2026 (FRED DEXUSEU). The company reports once a year, so this is the latest fiscal year, not the last four quarters.

US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.

Ratios

From the latest annual report, the year to Dec 2025, in dollars

ROE49.0%
ROCE47.1%
Operating margin34.6%
Net margin29.4%
FCF margin33.9%
Interest covern/a
Debt to equity0.22
Cash conversion1.32
Share count, last 12 months-1.2%
Sales CAGR, 3 years15.6%
Profit CAGR, 3 years19.5%
EPS$27.56

At the close of 10 November 2026

Price$1,507.69
Market cap$581.1 billion
Stock P/E54.70
Price to book26.56
EV / EBITDAn/a
Dividend yield0.5%
Market cap / sales15.95
52-week high$1,989.44
52-week low$966.57
Price, 1 year45.1%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of ASML Holding N.V.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
ASMLgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, in dollars at the year's average exchange rate (Federal Reserve, from FRED). Sales and margin are each year's revenue in dollars and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet in dollars at its year-end rate and its share count per US share. The dashed line is the median over the range shown. The P/E above uses today's exchange rate, so the latest point here can differ from it a little. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ASML

DividendsEUR 6.40 a share in FY2024
Filings10 in twelve months: 7 reports on Form 6-K, most often ASML reports €11.7 billion total net sales and €5.0 billion net income in Q3 2026 (1); ASML reports €9.3 billion total net sales and €2.9 billion net income in Q2 2026 (1); ASML discloses 2026 AGM results (1); ASML reports €8.8 billion total net sales and €2.8 billion net income in Q1 2026 (1); ASML publishes agenda Annual General Meeting 2026 (1)
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.97 by open interest at the 10 November 2026 close; the straddle prices a 4.5% move to 13 November 2026
13F holders2,529 funds reported a position for the quarter to 30 June 2026; largest FMR LLC
Congress1 House trade disclosed in six months
Short interest1.1 million shares short, 1.00 days to cover at 30 October 2026

Income statement (profit and loss), 19 fiscal years

Year toDec 2007Dec 2008 †Dec 2009 †Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015 †Dec 2016 †Dec 2017 †Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue3,7682,9541,5964,5085,6514,7325,2455,8566,2876,8758,96310,94411,82013,97818,61121,17327,55828,26332,667
Cost of sales2,2191,9381,1382,5533,2022,7263,0683,2603,3923,7304,9425,9156,5407,1818,80210,47313,42213,77115,409
Gross profit1,5501,0164581,9552,4492,0052,1772,5962,8963,1454,0205,0295,2806,7979,80910,70014,13614,49217,258
Research and development4865164675235905898821,074n/an/a1,2601,5761,9682,2012,5473,2543,9814,3044,699
Selling, general and administrative2262101551812182593123213463754174885205457269461,1131,1661,258
Operating profit815289-1631,2511,6411,1571,0481,2821,5651,7582,4402,9652,7914,0526,7506,5019,0429,02311,301
Profit before tax848310-1721,2431,6491,1511,0231,2741,5491,7922,3892,9372,7664,0176,7066,4569,0849,04211,406
Income tax177-12.7-20.62211824.38.077.01612343063521925521,0219701,4361,6812,013
Profit attributable to shareholders671322-1511,0221,4671,1461,0151,1971,3871,5582,0672,5922,5923,5545,8835,6247,8397,5729,609
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
EUR million, from each year's annual report on the SEC's EDGAR, linked in the last row, on the US GAAP tags the company filed.
Read moreA line the company does not file under the standard tag is left out rather than estimated. A year marked † shows the figure as the company restated it in a later annual report (Dec 2008, Dec 2009, Dec 2015, Dec 2016, Dec 2017); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.
Year toDec 2007Dec 2008 †Dec 2009 †Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015 †Dec 2016 †Dec 2017 †Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Diluted EPS1.410.74-0.352.333.422.682.342.723.213.644.796.086.158.4814.3414.1319.8919.2424.71
Basic EPS1.450.75-0.352.353.452.702.362.743.223.664.816.106.168.4914.3614.1419.9119.2524.73
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

EUR per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.

Revenue by product or service

Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Share
of the parts, latest year
NXEn/an/an/an/an/an/an/an/an/an/a6,2847,0459,1247,85610,44632.0%
ArF immersionn/an/an/an/an/an/an/an/an/an/an/a5,2369,0179,66710,31131.6%
Net service and field option salesn/a9301,2521,6131,9772,1562,5382,6852,8243,6624,9585,7435,6206,4948,19325.1%
EXEn/an/an/an/an/an/an/an/an/an/an/a0.00.04651,1573.5%
KrFn/an/an/an/an/an/a7448606801,0121,3211,6542,2021,9911,0013.1%
Metrology & Inspectionn/an/an/an/an/an/a2823392743505146605366468252.5%
ArF dryn/an/an/an/an/an/a1862744014274326247807744271.3%
I-linen/an/an/an/an/an/a99.798.61341461422122783693070.9%
ArFin/an/an/an/an/an/a4,0294,8074,7083,9174,960n/an/an/an/an/a
EUVn/an/an/an/an/an/a1,0841,8802,8004,464n/an/an/an/an/an/a
Product4,8843,8023,9934,2434,3104,719n/an/an/an/an/an/an/an/an/an/a
Service and field option sales767n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
NXE FY2021 to FY2025ArF immersion FY2022 to FY2025Net service and field option sales FY2012 to FY2025EXE FY2024 to FY2025KrF FY2017 to FY2025Metrology & Inspection FY2017 to FY2025ArF dry FY2017 to FY2025I-line FY2017 to FY2025ArFi FY2017 to FY2021EUV FY2017 to FY2020Product FY2011 to FY2016Service and field option sales FY2011
5.7Dec 20115.2Dec 20136.3Dec 20159.0Dec 201711.8Dec 201918.6Dec 202127.6Dec 202332.7Dec 2025

EUR billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

EUR million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Revenue by region

Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Share
of the parts, latest year
Chinan/an/an/a4035427589201,8431,3782,3242,7412,9167,25210,1959,52029.1%
Taiwan1,1471,4802,2211,1251,5522,1402,0971,9905,3574,7317,3288,0968,0754,3548,33825.5%
South Korea1,3191,2761,2871,6241,9721,5943,0313,7252,2024,1526,2236,0466,9496,4098,16025.0%
United States1,3881,1317201,8941,2161,0881,4181,9621,9801,6571,5831,9913,1514,5224,08912.5%
Japan4062922024776684154045684635434591,0096141,1561,4214.3%
Singapore43698.613913312124616422212084.91264762822856081.9%
EMEAn/an/an/a1962116069226323154831356241,2071,3225241.6%
Netherlandsn/an/a11.51.33.51.14.01.22.61.614.29.225.116.64.7under 0.1%
Rest of Asia4511974782.22.126.73.51.92.61.61.87.23.93.52.7under 0.1%
Rest of Europe505256187n/an/an/an/an/an/an/an/an/an/an/an/an/a
China FY2014 to FY2025TaiwanSouth KoreaUnited StatesJapanSingaporeEMEA FY2014 to FY2025Rest of Europe FY2011 to FY2013Other
5.7Dec 20115.2Dec 20136.3Dec 20159.0Dec 201711.8Dec 201918.6Dec 202127.6Dec 202332.7Dec 2025

EUR billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

EUR million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Cash flow statement

Year toDec 2007Dec 2008 †Dec 2009 †Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015 †Dec 2016 †Dec 2017 †Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from operations70128399.29402,0707031,054n/an/an/a1,8183,0733,2764,62810,8468,4875,44311,16612,658
Purchase of property, plant and equipment1792601051293011722113583723163395747679629011,2822,1562,0671,574
Free cash flow52223.2-5.88111,770532843n/an/an/a1,4792,4992,5103,6669,9457,2053,2889,09911,085
Cash from investing-362-260-98.1-125-301-1,120-368n/an/an/a-1,229-492-1,158-1,352-72.0-1,029-2,689-2,609-3,778
Cash from financing-715-186-74.992.7-992-546-113n/an/an/a-1,209-1,724-1,712-753-9,892-7,138-3,004-2,832-8,670
Depreciation and amortisation1261211421511651872292552973574184234484914715847409191,026
Buybacks1,0120.00.0n/a7005353007005654005001,1464101,2088,5604,6401,0005005,950
Dividends paid0.010886.587.01731892162683024465175971,3261,0661,3682,5602,3482,4532,550
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
EUR million, from the cash flow statement as filed.
Read morePurchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.

Balance sheet at year end

Year toDec 2007Dec 2008 †Dec 2009 †Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015 †Dec 2016 †Dec 2017 †Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Funded by
Equity attributable to shareholders1,8911,9891,7752,7743,4444,0676,9227,5128,4559,97210,69111,64112,59213,86510,1418,81113,45218,47719,612
Borrowings, as filedn/an/an/an/an/an/a1,0751,1541,1303,3203,0253,0263,1084,6784,5844,2604,6324,6884,391
Other liabilitiesn/a1,9511,9893,4063,8173,3443,5173,5373,7103,9144,4725,4696,9298,72415,50623,22921,87425,42526,564
Total equity and liabilitiesn/a3,9393,7646,1807,2617,41011,51412,20413,29517,20618,18920,13722,63027,26730,23136,30039,95848,59050,567
Owned
Property, plant and equipmentn/a5416557451,0541,0301,2181,4481,6211,6871,6011,5901,9992,4702,9833,9445,4936,8477,894
Goodwilln/a1311311411461492,0892,3582,6254,8744,5414,5414,5414,6294,5564,5564,5894,5894,589
Other intangible assetsn/a26.718.113.78.49.96987247381,3231,1661,1041,1041,049952842742621486
Cash and cash equivalents1,2721,1091,0371,9502,7321,7682,3312,4202,4592,9072,2593,1213,5326,0496,9527,2687,00512,73612,916
Trade and other receivablesn/a4633771,1248816058781,0538047001,7401,4981,7871,3103,0285,3244,3344,4783,023
Inventoriesn/a9999631,4971,6251,8572,3932,5502,5742,7812,9563,4403,8094,5695,1797,2008,85110,89211,429
Other assetsn/a6695817108161,9921,9081,6532,4752,9343,9264,8445,8567,1906,5827,1668,9448,42810,230
Total assetsn/a3,9393,7646,1807,2617,41011,51412,20413,29517,20618,18920,13722,63027,26730,23136,30039,95848,59050,567
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
EUR million, at each fiscal year end.
Read moreBoth totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2007Dec 2008 †Dec 2009 †Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015 †Dec 2016 †Dec 2017 †Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross margin41.1%34.4%28.7%43.4%43.3%42.4%41.5%44.3%46.1%45.7%44.9%46.0%44.7%48.6%52.7%50.5%51.3%51.3%52.8%
Operating margin21.6%9.8%-10.2%27.7%29.0%24.4%20.0%21.9%24.9%25.6%27.2%27.1%23.6%29.0%36.3%30.7%32.8%31.9%34.6%
Net margin17.8%10.9%-9.5%22.7%26.0%24.2%19.4%20.4%22.1%22.7%23.1%23.7%21.9%25.4%31.6%26.6%28.4%26.8%29.4%
Free cash flow margin13.8%0.8%-0.4%18.0%31.3%11.2%16.1%n/an/an/a16.5%22.8%21.2%26.2%53.4%34.0%11.9%32.2%33.9%
Return on year-end equity35.5%16.2%-8.5%36.8%42.6%28.2%14.7%15.9%16.4%15.6%19.3%22.3%20.6%25.6%58.0%63.8%58.3%41.0%49.0%
Effective tax rate20.9%-4.1%n/a17.8%11.0%0.4%0.8%6.0%10.4%13.1%12.8%12.0%6.9%13.7%15.2%15.0%15.8%18.6%17.7%
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Questions

What was ASML Holding's revenue in 2025?

ASML Holding (ASML) reported revenue of EUR 32.7 billion for the year to 31 December 2025, up 15.6% on the year before.

How much did ASML Holding earn in 2025?

Profit attributable to shareholders was EUR 9.6 billion for the year to 31 December 2025, and diluted earnings per share EUR 24.71.

What is ASML Holding's P/E ratio?

At the close of 10 November 2026, ASML Holding traded at 54.7 times its earnings for 2025.

What is ASML Holding's market cap?

The market cap of ASML Holding was $581.1 billion at the close of 10 November 2026.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ASML Holding N.V. ASML *$581.1 billion54.7049.0%34.6%15.6%0.220.5%
Lam Research Corp. LRCX$277.8 billion33.1560.8%37.0%33.4%0.270.5%
Caterpillar Inc. CAT$267.5 billion22.9455.1%18.3%20.3%2.101.0%
Deere & Co. DE$185.4 billion38.2017.4%13.4%8.0%2.280.9%
ACM Research, Inc. ACMR$3.6 billion30.386.1%14.5%29.1%0.18n/a
Axcelis Technologies Inc. ACLS$3.3 billion31.789.4%10.3%4.3%0.00n/a
Veeco Instruments Inc. VECO$2.4 billion99.062.8%3.0%6.6%0.25n/a
Cricut, Inc. CRCT$1.8 billion18.8323.8%16.7%-0.9%0.002.3%
Azenta, Inc. AZTA$1.8 billionn/a-8.1%-28.6%4.8%0.00n/a
Energy Recovery, Inc. ERII$373 million81.443.1%0.8%-26.2%0.00n/a
Amtech Systems Inc. ASYS$211 million46.463.5%8.1%-2.4%0.00n/a
Sono TEK Corp. SOTK$67 million35.509.5%10.2%4.4%0.00n/a
All 85 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ASML Holding N.V. ASML *$581.1 billion54.7049.0%34.6%15.6%0.220.5%
Lam Research Corp. LRCX$277.8 billion33.1560.8%37.0%33.4%0.270.5%
Caterpillar Inc. CAT$267.5 billion22.9455.1%18.3%20.3%2.101.0%
Deere & Co. DE$185.4 billion38.2017.4%13.4%8.0%2.280.9%
Eaton Corp. plc ETN$137.6 billion35.3918.6%n/a20.1%0.961.2%
Johnson Controls International plc JCI$85.5 billion24.5426.5%n/a6.8%0.701.1%
Illinois Tool Works Inc. ITW$81.9 billion25.67102.7%26.6%4.8%2.982.3%
Cummins Inc. CMI$62.3 billion18.9524.9%12.5%6.7%0.561.8%
Baker Hughes Co. BKR$47.4 billion16.4714.4%n/a3.7%0.911.9%
Carrier Global Corp. CARR$43.4 billionn/a-17.3%-4.8%3.3%1.101.3%
Ingersoll Rand Inc. IR$33.0 billion24.1913.2%22.9%8.0%0.45n/a
Dover Corp. DOV$28.2 billion24.8615.3%17.0%8.2%0.431.0%
TechnipFMC plc FTI$25.2 billion20.3038.6%16.8%9.1%0.120.3%
Symbotic Inc. SYM$22.7 billion417.561.8%0.9%20.6%0.00n/a
Xylem Inc. XYL$22.2 billion21.4310.5%15.1%1.9%0.281.7%
ITT Inc. ITT$19.3 billion44.528.8%14.0%35.8%0.740.7%
nVent Electric plc NVT$18.2 billion27.0916.5%17.8%48.0%0.530.7%
Nordson Corp. NDSN$18.1 billion32.8717.0%26.9%7.0%0.531.0%
Idex Corp. IEX$17.4 billion32.9113.3%20.9%6.9%0.441.2%
Curtiss Wright Corp. CW$17.4 billion31.8821.7%18.9%10.7%0.370.2%
RBC Bearings Inc. RBC$16.1 billion43.9410.0%24.4%17.4%0.20n/a
Lincoln Electric Holdings Inc. LECO$15.4 billion27.2737.0%17.3%11.1%0.741.1%
CNH Industrial N.V. CNH$15.2 billion58.433.3%n/a1.8%3.262.0%
Zebra Technologies Corp. ZBRA$15.1 billion25.9216.9%14.9%16.9%0.72n/a
Regal Rexnord Corp. RRX$12.0 billion52.053.4%10.0%4.7%0.650.8%
Lennox International Inc. LII$11.9 billion16.1456.9%18.8%1.9%1.231.5%
BWX Technologies, Inc. BWXT$11.6 billion31.0326.4%12.4%17.7%1.430.8%
Graco Inc. GGG$11.2 billion22.4121.0%26.8%5.4%0.051.7%
Pentair plc PNR$11.1 billion18.4715.9%19.6%-3.9%0.381.5%
Flowserve Corp. FLS$10.9 billion43.0411.0%10.0%0.2%0.891.0%
Moog Inc. MOG.A$10.8 billion29.1217.0%13.3%15.6%0.410.3%
Donaldson Co. Inc. DCI$10.1 billion22.6925.7%15.4%5.3%0.751.4%
Toro Co. TTC$10.1 billion28.5827.2%10.3%5.2%0.721.5%
Agco Corp. AGCO$7.8 billion29.076.9%5.6%0.9%0.661.0%
Zurn Elkay Water Solutions Corp. ZWS$7.5 billion26.6017.2%22.1%10.1%0.301.0%
SPX Technologies, Inc. SPXC$7.5 billion25.4412.2%16.1%20.2%0.55n/a
Timken Co. TKR$7.5 billion27.048.9%11.0%5.9%0.611.3%
JBT Marel Corp. JBTM$6.6 billion34.594.4%7.3%20.3%0.380.3%
NOV Inc. NOV$6.3 billion44.232.3%5.5%-1.0%0.272.0%
Gates Industrial Corp. Ltd. GTES$6.3 billion17.4210.4%13.5%4.0%0.62n/a
Middleby Corp. MIDD$6.3 billionn/a-21.3%16.5%8.4%0.90n/a
Aaon, Inc. AAON$6.2 billion30.4918.9%12.3%72.3%0.360.5%
Weatherford International plc WFRD$6.1 billion15.0320.7%12.4%-5.7%0.761.3%
Esab Corp. ESAB$5.4 billion35.266.1%11.2%11.0%0.910.5%
Brunswick Corp. BC$5.1 billion23.9612.5%5.7%10.4%1.182.2%
Solaris Energy Infrastructure, Inc. SEI$5.0 billion64.515.9%22.8%73.8%2.040.8%
Alliance Laundry Holdings Inc. ALH$4.9 billion24.0543.1%19.6%n/an/a0.0%
Cactus, Inc. WHD$4.7 billion41.0414.1%18.8%40.4%0.001.0%
ACM Research, Inc. ACMR$3.6 billion30.386.1%14.5%29.1%0.18n/a
Kadant Inc. KAI$3.5 billion30.2711.1%15.4%16.6%0.430.5%
Hayward Holdings, Inc. HAYW$3.5 billion21.2910.7%21.6%7.6%0.600.0%
Axcelis Technologies Inc. ACLS$3.3 billion31.789.4%10.3%4.3%0.00n/a
Standex International Corp. SXI$3.0 billion26.2014.6%22.5%8.3%0.670.6%
Ouster, Inc. OUST$2.8 billionn/a-8.2%-25.6%63.7%0.00n/a
Dnow Inc. DNOW$2.5 billionn/a-8.8%-3.9%96.8%0.18n/a
Veeco Instruments Inc. VECO$2.4 billion99.062.8%3.0%6.6%0.25n/a
Enerpac Tool Group Corp. EPAC$2.0 billion23.1219.8%19.8%5.7%0.400.1%
Flowco Holdings Inc. FLOC$1.9 billion18.7610.5%18.6%20.4%0.670.4%
Gorman Rupp Co. GRC$1.9 billion24.9816.0%16.1%6.5%0.54n/a
Kennametal Inc. KMT$1.9 billion3.1732.4%31.0%32.5%0.623.3%
Cricut, Inc. CRCT$1.8 billion18.8323.8%16.7%-0.9%0.002.3%
Azenta, Inc. AZTA$1.8 billionn/a-8.1%-28.6%4.8%0.00n/a
Innovex International, Inc. INVX$1.7 billion36.074.4%6.9%7.0%0.02n/a
Alamo Group Inc. ALG$1.7 billion21.846.5%6.9%1.8%0.200.9%
Tennant Co. TNC$1.3 billion56.404.2%3.9%-0.4%0.651.6%
Lindsay Corp. LNN$1.1 billion20.5211.0%10.5%-6.0%0.231.4%
Graham Corp. GHM$1.0 billion76.766.7%6.0%16.2%0.00n/a
Manitowoc Co. Inc. MTW$876 million34.183.7%3.6%10.2%0.67n/a
Douglas Dynamics, Inc. PLOW$862 million13.5420.8%12.7%22.8%0.333.2%
Aebi Schmidt Holding AG AEBI$861 million34.922.6%4.5%79.4%0.751.5%
Astec Industries Inc. ASTE$852 million73.941.7%3.1%13.8%0.551.4%
Power Solutions International, Inc. PSIX$842 million11.9630.1%14.9%-0.2%0.16n/a
Forum Energy Technologies, Inc. FET$826 million28.349.5%7.4%10.6%0.40n/a
Columbus McKinnon Corp. CMCO$589 millionn/a-25.9%-6.8%80.7%1.801.4%
Oil States International, Inc. OIS$498 millionn/a-18.4%-14.0%-0.7%0.03n/a
Energy Recovery, Inc. ERII$373 million81.443.1%0.8%-26.2%0.00n/a
Twin Disc Inc. TWIN$352 million11.2514.1%5.2%12.1%0.180.7%
Serve Robotics Inc. SERV$272 millionn/a-67.7%-2,207.0%410.9%0.00n/a
Taylor Devices, Inc. TAYD$252 millionn/a9.3%13.2%-12.5%0.00n/a
Gencor Industries Inc. GENC$252 million17.016.6%11.7%-6.4%0.00n/a
NN Inc. NNBR$251 millionn/a-25.3%-3.1%13.9%1.63n/a
Perma-Pipe International Holdings, Inc. PPIH$242 million15.5216.7%12.1%24.8%0.39n/a
Amtech Systems Inc. ASYS$211 million46.463.5%8.1%-2.4%0.00n/a
Ampco Pittsburgh Corp. AP$140 millionn/a-176.9%-10.2%1.3%3.76n/a
Sono TEK Corp. SOTK$67 million35.509.5%10.2%4.4%0.00n/a
9 companies share its SEC industry code (Special Industry Machinery, Nec); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Annual reports on EDGAR

FormYear toFiled
20-F31 December 202525 February 2026EDGAR
20-F31 December 20245 March 2025EDGAR
20-F31 December 202314 February 2024EDGAR
20-F31 December 202215 February 2023EDGAR
20-F31 December 20219 February 2022EDGAR
20-F31 December 202010 February 2021EDGAR
20-F31 December 201912 February 2020EDGAR
20-F31 December 20186 February 2019EDGAR
20-F31 December 20177 February 2018EDGAR
20-F31 December 20168 February 2017EDGAR
20-F31 December 20155 February 2016EDGAR
20-F31 December 201411 February 2015EDGAR